Whale Adds 3 Million USDC to 30x Bitcoin Short on Hyperliquid

A new on-chain update adds another large bearish Bitcoin trade on Hyperliquid, with a whale-linked wallet opening a 40x short worth about $11.95 million and setting a narrow take-profit target.

BTC

ETH

SOL

129d ago

Fact Check

The claim is directly supported by the fetched PANews article, which provides the exact figures in the statement and cites a specific original source, the Onchain Lens X post at https://x.com/OnchainLens/status/2045837242573480351. Search corroboration also surfaced another outlet, Bitget, repeating the same numbers. However, confidence is limited because the primary X post could not be fetched in this run, and the HypurrScan address page did not return usable evidence. So the statement is plausible and likely true, but not fully independently verified from primary data here.

Summary

A new on-chain report added another major Bitcoin short to the broader Hyperliquid whale activity story. A wallet beginning with 0x6d9 opened a 40x leveraged Bitcoin short worth 157.8 BTC, or about $11.95 million, with an average entry price of $75,746 and a liquidation price of $76,675. The address also placed a take-profit order at $75,361, targeting an approximately $400 price decline. This update materially expands the existing topic by introducing a new whale-linked bearish Bitcoin position alongside previously reported leveraged trades in Bitcoin, SOL, Ether, HYPE, Brent oil, and CL on Hyperliquid.

Terms & Concepts

Hyperliquid: A decentralized derivatives trading platform where users can open leveraged positions across multiple assets using on-chain collateral.
USDC: A U.S. dollar-pegged stablecoin often used as collateral or settlement capital in crypto trading markets.
40x leverage: A trading setup that allows a user to control a position 40 times larger than posted collateral, increasing both potential gains and liquidation risk.